Bring-your-own-device Market Expected to Reach $181.39 Billion by 2017

Bring your own device (BYOD) refers to the policy of permitting employees to bring personally owned mobile devices (laptops, tablets, and smart phones) to their workplace, and to use those devices to access privileged company information and applications.The term is also used to describe the same practice applied to students using personally owned devices in education settings.

BYOD is making significant inroads in the business world, with about 75% of employees in high growth markets such as Brazil and Russia and 44% in developed markets already using their own technology at work.In most cases, businesses simply can't block the trend. Some believe that BYOD may help employees be more productive.Others say it increases employee morale and convenience by using their own devices and makes the company look like a flexible and attractive employer.

Employees want to use the device which they would like to use.  The organization is not forcing them to do so. BYOD and Enterprise Mobility is allowing them to use the same. There are software and security vendors which are helping the companies to provide an environment where employees can connect their devices to the enterprise network without having any security related issues and this is driving the growth of the BYOD and enterprise mobility market.

Global Bring Your Own Device Market is expected to grow from $67.21 billion in 2011 to $181.39 billion by 2017, at an estimated CAGR of 15.17% from 2012 to 2017.